Steam alcohol and marijuana stores see sales tax collection drop in September
September sales tax collection in the city of Steamboat Springs was about 17% higher than in the same period last year, according to a report recently released by the city.
Collections in September totaled $ 2,953,775, as the city’s cumulative collection, totaling $ 24,944,980, was 23% higher than that collected from January 2020 to September 2020.
Historically, September represents about 8% of annual collections, according to the city.
In September, collections in most sectors posted an increase, including accommodation and amenities, which saw the largest increase at 34%. However, collections by liquor and marijuana stores were both down from September 2020.
The majority of sales taxes collected in September came from the US corridor of Highway 40 at Steamboat. Individuals who buy goods from out of town, including direct online ordering or other methods, saw a 41% increase in sales tax collected in this category in September. Although more taxes were collected locally than through purchases made online, according to the city report.
The city’s lodging tax rose 33% in September compared to last year. The accommodation tax is mainly spent on local trail projects since the Yampa Street improvements portion of Referendum 2A was completed last year. A small amount is also spent each year to bring these projects to market and to improve the capital assets of the Haymaker Golf Course.
The building use tax, which is used to fund the city’s capital projects, brought in $ 261,162 in September. Since the start of the year, building use tax collections have increased 149% compared to the same period last year.
To reach Bryce Martin, call 970-871-4206 or email [email protected]
Steamboat and Routt County readers make the work of Steamboat Pilot & Today possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
More than ever, your support is essential to help us keep our community informed about the evolution of the coronavirus pandemic and its impact at the local level. Every contribution, whether small or large, will make a difference.
Each donation will be used exclusively for the development and creation of increased media coverage.